In any business, one of the key indicators of the company’s overall success is how well it’s organized. You may not have been all that interested when you started your company in making sure it was organized to maximize productivity, but now that you have more personnel, it may be important to think about now. Ultimately, the organization of your company’s corporate structure may take your company to the next level in terms of productivity and efficiency. Here are some tips for examining your structure for the most business gains.
Look at Each Department Individually
The first thing you need to do is examine each department within your company individually. Identify if there are problems that need to be addressed. If the heads of each department in your organization are only communicating via email or through the executive body, then this may be a problem. You may need to think about having a weekly update meeting with all the department heads or establish a chain of communication to help departments interact with each other more efficiently.
Work with a Consultant
You’re great at a lot of things but perhaps analyzing corporate structure for holes in efficiency isn’t something you love to do. Working with an objective consultant to audit the organization and help you identify ways that you can improve your structure will be beneficial. It’s true that if you don’t know what the problem is then you can’t fix it. A consultant may be the best professional to show you where the gaps are and help you figure out exactly how to fill them.
Build New Strategies for New Business Growth
When you first started, perhaps having one executive team at one site worked okay. Now that you’re bigger, however, the same structure that worked when you had 40 employees isn’t as functional now that you have 400. Consider whether you need to bring on more executive management or incorporate a divisional strategy for businesses that have more than one location across the nation or across the world. The key is to be realistic about your business. You may not want to downsize but there are times when downsizing is the best option, even if it’s not the most pleasant one.
Many times, problems with efficiency are written off by business owners as company growing pains, when the problem may be with the corporate structure as a whole. If you feel that your company could be more productive, it may be time to take an objective look at your structure and identify whether there are things that could be improved.